Palm to go for new job cuts, next quarter

SANTA CLARA: Digital organizer maker Palm Inc. has said that it would make

new job cuts in its next fiscal quarter, even though it was gaining market share

with its newest product. The firm also said it hired Todd Bradley, former

executive vice president of global operations at computer maker Gateway Inc., as

chief operating officer.

"Palm will make additional reductions in its work force in the first

fiscal quarter of 2002, to bring its cost structure closer in line with business

conditions. Last month, Palm reduced its work force by a total of about 300

regular and contract workers," the firm said in a statement.

Additional details about the job cuts will be announced when fiscal

fourth-quarter results are made public around June 25, it said. Palm, one of the

last technology firms to feel the slowdown that began in the personal computer

market last fall, said its US retail market share had risen to 67 per cent from

60 percent according to he latest weekly survey by NPD Intelect.

tech-news